New Republic
The combination of tariff-driven inflation and a downturn in hiring has posed a “challenging situation” for the U.S. economy, according to Federal Reserve Chair Jerome Powell.Delivering an annual address in Jackson Hole, Wyoming, Friday morning, Powell underscored that the economy was engaged in a “curious kind of balance” from a slowdown in both the supply and demand for workers.“This unusual situation suggests that downside risks to employment are rising…
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Fed Chair Warns the Economy Is Even Worse Than We Realized
Ellie Quinlan Houghtaling
09:20
The combination of tariff-driven inflation and a downturn in hiring has posed a “challenging situation” for the U.S. economy, according to Federal Reserve Chair Jerome Powell.Delivering an annual address in Jackson Hole, Wyoming, Friday morning, Powell underscored that the economy was engaged in a “curious kind of balance” from a slowdown in both the supply
